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re: It still blows my mind that a regular, new truck is $80k

Posted on 8/17/21 at 7:45 am to
Posted by NYCAuburn
TD Platinum Membership/SECr Sheriff
Member since Feb 2011
57004 posts
Posted on 8/17/21 at 7:45 am to
quote:

When I say "regular" I mean, not a luxury brand vehicle that always had a premium cost to it. This is a GMC.
Posted by NatalbanyTigerFan
On the water somewhere
Member since Oct 2007
8120 posts
Posted on 8/17/21 at 7:46 am to
The used vehicle market isn't much better.
I just had to buy a commuter car since my company took away my work truck and it took me a few weeks to locate a reasonably priced used car.
Posted by Homey the Clown
Member since Feb 2009
5936 posts
Posted on 8/17/21 at 7:46 am to
quote:

2022 GMC Sierra Denali


You're a dumbass if you consider this a "regular" truck. Its loaded to the gills. A "regular" truck is half that price.
Posted by NYCAuburn
TD Platinum Membership/SECr Sheriff
Member since Feb 2011
57004 posts
Posted on 8/17/21 at 7:47 am to
quote:

rapidly depreciating asset. good stuff


So you havent seen the market on used trucks?
Posted by TheRouxGuru
Member since Nov 2019
11839 posts
Posted on 8/17/21 at 7:47 am to
The interiors of the GM vehicles are so plain. Even the $70K vehicles look like work trucks on the inside

I love my lariat
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
451543 posts
Posted on 8/17/21 at 7:47 am to
quote:

Would have been quicker to type

"I'm a poor"

if i'm paying 80k for a vehicle, it's either going to

1. possibly appreciate

or

2. go really, really fast

now that particular market is facing inflation, too, but you can still get a GTR in that range
Posted by member12
Bob's Country Bunker
Member since May 2008
32634 posts
Posted on 8/17/21 at 7:48 am to
quote:

When I say "regular" I mean, not a luxury brand vehicle that always had a premium cost to it. This is a GMC.



That's a fully loaded Denali diesel with four wheel drive, an extremely powerful engine, a full sized cab, and every tech feature available in a pickup truck today.

Denali is the most popular luxury brand in the US automobile landscape BTW. GMC, on the other hand, is not a luxury brand.

You can seriously get a GMC Sierra for less than half that price, but you are going to have to check fewer option boxes. And leave the Denali versions at the dealer.
This post was edited on 8/17/21 at 7:51 am
Posted by BabyTac
Austin, TX
Member since Jun 2008
14402 posts
Posted on 8/17/21 at 7:48 am to
I’ve never spent more than $10,000 on a vehicle and have zero plans to.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
451543 posts
Posted on 8/17/21 at 7:48 am to
quote:

The interiors of the GM vehicles are so plain. Even the $70K vehicles look like work trucks on the inside

yeah for all this it's REALLY a luxury brand they look like hammered shite inside
Posted by slackster
Houston
Member since Mar 2009
89755 posts
Posted on 8/17/21 at 7:48 am to
In this thread:

People who think paying cash for a depreciating asset is the only way to do it while simultaneously thinking inflation is going to run rampant.
Posted by yellowfin
Coastal Bar
Member since May 2006
98422 posts
Posted on 8/17/21 at 7:49 am to
It’s not a luxury brand but that’s definitely a luxury truck

Posted by member12
Bob's Country Bunker
Member since May 2008
32634 posts
Posted on 8/17/21 at 7:49 am to
quote:

yeah for all this it's REALLY a luxury brand they look like hammered shite inside



They are wildly popular for something that looks like "hammered shite".
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
21880 posts
Posted on 8/17/21 at 7:50 am to
Hell the way this administration is going. Your going to have to prove a need for a truck and then pay higher than hell taxes. We will be like London. Look at what it costs to own a car in that shithole.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
451543 posts
Posted on 8/17/21 at 7:50 am to
quote:

People who think paying cash for a depreciating asset is the only way to do it while simultaneously thinking inflation is going to run rampant.

gotta find that sweet spot and just try to avoid the biggest depreciation event

at this point in the car market, i think you should polarize your range. either buy low level shite or premium
Posted by stout
Porte du Lafitte
Member since Sep 2006
175723 posts
Posted on 8/17/21 at 7:50 am to
Bought both of my trucks in 2020. They are both worth way more than I paid for them and one was a slightly used 2018 model when I bought it.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
451543 posts
Posted on 8/17/21 at 7:51 am to
quote:

Bought both of my trucks in 2020. They are both worth way more than I paid for them and one was a slightly used 2018 model when I bought it.

yeah but we all know this isn't a real market event and is a short-term supply chain lag issue. but it's definitely an arbitrage opportunity IF you can find a replacement vehicle that hasn't suffered from that event

i'm going to start contacting families of people i see in the obits to try to snag a deal and if i can, i'm selling my car during this bubble
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53278 posts
Posted on 8/17/21 at 7:52 am to
Regular trucks like your basic Tacoma seem to be going for around $35,000 right now.

I really regret selling my old Frontier 5 years ago.
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
37744 posts
Posted on 8/17/21 at 7:52 am to
Gonna start seeing 15-20 year truck financing at those prices soon
Posted by dewster
Chicago
Member since Aug 2006
25962 posts
Posted on 8/17/21 at 7:53 am to
quote:

regular, new truck


quote:

2022 GMC Sierra Denali


Not a regular truck. Denali has always been one of if not the most expensive, high feature trucks available since they started selling them.

ETA: The ones next year are going to drive themselves while trailering. Is that a feature you NEED or a feature you WANT?
This post was edited on 8/17/21 at 7:54 am
Posted by man117
Los Angeles
Member since Jul 2009
679 posts
Posted on 8/17/21 at 7:53 am to
quote:

now that particular market is facing inflation, too, but you can still get a GTR in that range


A brand new GTR cost anywhere from 113k to 215k depending on trim level. Not exactly 80k.
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